Lawyers Mutual Liability Insurance Company of North Carolina has declared a policyholder dividend equal to 10% of the premium paid on your 2014 policy. This dividend, which will total approximately $1.7 million, will be paid at policy expiration. This represents the eleventh time since 1999 that Lawyers Mutual has declared and paid a policyholder dividend.
“We are pleased to once again be able to reward our loyal policyholders with a divided,” stated President and CEO Dan Zureich. “Returning capital to policyholders is one of the significant benefits of the mutual structure. It’s why I believe the mutual model is the best one for insurance companies.”
Ken McAllister, Chairman of the Lawyers Mutual Board of Directors stated, “The combined contributions of policyholders and staff resulted in another extraordinary year for your company, which strives to provide financial returns to policyholders. However, Lawyers Mutual's true value lies in its claims repair program, and in being an integral part of the legal community in North Carolina."
Thirty-eight years ago, the North Carolina legal community showed vision in creating Lawyers Mutual. Today, the Company is a stable and secure source of insurance for the attorneys in the state.
About Lawyers Mutual Liability Insurance Company of North Carolina Lawyers Mutual, founded in 1977, is the first mutually owned insurance company for lawyers in the country. Lawyers Mutual is the only company that has provided continuous coverage to North Carolina lawyers during that time. Its reputation for leadership, professionalism and commitment to its attorneys has become a standard for other malpractice insurance providers. The mission at Lawyers Mutual is not only to protect North Carolina lawyers with the best possible financial coverage against professional liability, but also to provide education and risk management resources to help them better serve their clients and the public.
For more information, call 800.662.8843, follow us on Twitter @LawyersMutualNC, connect on our LinkedIn page, like us on Facebook or visit www.lawyersmutualnc.com.
Media Contact Camille Stell, Vice President of Client Services 800.662.8843 or Camille@lawyersmutualnc.com